India’s technology outsourcing sector’s carbon emissions down 85%: Report

Bengaluru: India’s technology outsourcing industry has seen an 85% drop in carbon emissions during FY21 at about 0.3 million tonne against the pre-pandemic level of about 2 million tonne, according to a study by market intelligence firm UnearthInsight.

The study conducted for FY21 included more than 2,000 technology outsourcing companies in India, including IT, ITeS, engineering, global capability centres, and startups.

UnearthInsight estimates a mere $750 million was spent on travel costs in FY21 by outsourcing industry compared to $2.9 billion in FY20. Top five IT services companies — Tata Consultancy Services (TCS) Ltd, Infosys Ltd, HCL Technologies Ltd, Wipro Ltd, and Tech Mahindra Ltd — spent around $370 million on travel costs in FY21,